WM · Earnings call · 2026Q3T · Full report

Acquisitions and Divestitures

WASTE MANAGEMENT INC · 2026-10-27 · Importance 40 · Surprise 42 · In source text

WM completed $239 million of collection and disposal tuck-in acquisitions in the first nine months of 2026 and expected to close another $140 million in the fourth quarter. The company also signed a $250 million transaction expected to close early in 2027. Management described tuck-in acquisitions in core solid waste as a strategic priority and said the pipeline supported continued acquisition activity into 2027. The company would also consider larger solid waste or hazardous industrial assets if they fit its strategic criteria.

Key facts

• WM signed a $250 million transaction that it expects to close early in 2027.
• WM expects to close another $140 million of tuck-in acquisition deals in the fourth quarter of 2026.
• WM's health care solutions business had year-over-year revenue growth for the first time since its acquisition and grew operating EBITDA 33%.
• WM planned to reach its health care solutions synergy target around mid-2027, somewhat ahead of its original plan.
• WM completed $239 million of tuck-in acquisitions in the first nine months of 2026.
• WM said qualifying core solid waste assets, including hazardous industrial assets that fit its strategic lens, would be acquisition candidates.
• Waste Management said its recent M&A deals were core solid-waste acquisitions intended to generate synergies through landfill internalization or routing.
• Waste Management said it had a robust M&A pipeline and room to do deals across the U.S. and Canada.

Impact estimates